Elmira Savings Bank (NASDAQ:ESBK) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 1,100 shares, a decline of 60.7% from the August 30th total of 2,800 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 10,200 shares, the short-interest ratio is presently 0.1 days.
Separately, TheStreet lowered Elmira Savings Bank from a “b-” rating to a “c” rating in a research note on Tuesday, September 10th.
ESBK traded up $0.08 on Friday, hitting $14.49. The company had a trading volume of 21,814 shares, compared to its average volume of 8,768. The stock has a fifty day moving average price of $14.28 and a 200-day moving average price of $15.61. Elmira Savings Bank has a 12-month low of $13.97 and a 12-month high of $20.47. The stock has a market capitalization of $49.63 million, a price-to-earnings ratio of 13.84 and a beta of 0.32.
Elmira Savings Bank (NASDAQ:ESBK) last posted its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $5.22 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 6th were paid a $0.23 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.92 annualized dividend and a yield of 6.35%.
A hedge fund recently raised its stake in Elmira Savings Bank stock. Morgan Stanley raised its stake in Elmira Savings Bank (NASDAQ:ESBK) by 61.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,937 shares of the real estate investment trust’s stock after purchasing an additional 3,780 shares during the period. Morgan Stanley owned 0.29% of Elmira Savings Bank worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.36% of the stock is owned by institutional investors.
About Elmira Savings Bank
Elmira Savings Bank provides banking products and services to individual and commercial customers. It accepts savings and money market accounts, time deposits, retail and commercial checking accounts, certificates of deposit, individual retirement arrangements, and NOW accounts. The company also provides consumer loans comprising auto, truck, and motorcycle loans; personal loans; boats, recreational vehicles, and other outdoor sports equipment loans; home improvement/equity loans; jacuzzi/hot tub/pool loans; and lines of credit.
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